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News & Media

Keep up to date with all the latest news about Goldfields Money.

For media enquiries contact us on (08) 9438 8888.

01 Nov 2017 - This students nursing career is one step closer thanks to Goldfields Money

Congratulations Tegan Iles (pictured below) for receiving the Goldfields Money Vet Scholarship! 

For 30 years, as part of the Goldfields Community, we have sponsored events, services, sporting and community associations as an investment in the people and the towns where we live and work. Brigitte Flight (pictured below) says, “We love to support up-and-coming students with moving on and progressing in their lives and education; they are the future and we want to be able to help people to fulfil their dreams."

Thank you to all the other students who dedicated their time to applying for the scholarship and we wish everyone the very best!

24 Oct 2017 - ASX Announcement

1710 23 GMY Results of Annual General Meeting of Shareholders

13 Oct 2017 - Goldfields Money rebrand - ASX Update

The rationale behind the new brand is that it is a strong, direct and fun name that aims to portray a business that is stripped back, down to earth, open, honest and truthful. What makes our brand special is that we are obsessed with our customers and this also drives value creation for our shareholders. Kalgoorlie will continue to be the home of the business and Bare Money will continue to support the local community as it has for more than three decades. Our focus on customer satisfaction and brilliant service will continue unabated as we all take on the responsibility to communicate these changes to new and existing customers with equal enthusiasm.

Our proposed rebrand to Bare Money coincides with the deployment of the world’s leading retail banking platform, a powerful Core Banking System developed on an open architecture Application Programming Interface by Temenos and based on a BaaS model of the world renowned T24 banking platform. This system is the first of its kind in Australia and will underpin our growth, while allowing us to continue to deliver on our reputation for sensational service in the digital era, where we now want to make our service accessible to anyone wherever they are in Australia through digital banking 24/7.

In the past 12 months, Goldfields Money has put in place changes to smooth its transition to a digital bank, with simplified and scalable technology systems to make the interface with customers more accessible and flexible. The new Core Banking System (CBS), Finance System and Desktop Management Systems are all transitioning to modern platforms, enabling greater volumes of lending and deposits through system enhancements in a more economically viable environment, resulting in less manual processing.

The following presentation better explains the background, rationale for change of our name and what the future looks like for Goldfields Money. Click the here for more info. 

30 Aug 2017 - CEO Simon Lyons and Goldfields Money customers at the annual Diggers & Dealers Conference

Good to see our CEO Simon Lyons making sure that our Goldfields Money customers keep warm and dry on a very cold and wet night at the annual Diggers & Dealers conference in Kalgoorlie.

Pictured here with Danny Buckley (HLB Mann Judd), Ashton George (EBM), Chris Fyson (Fyson and Associates) and Ryan Cameron (EBM).

Picture courtesy of the Kalgoorlie Miner.

 

21 Aug 2017 - GMY Results and Investor Update

GMY FY2017 RESULTS AND INVESTOR UPDATE

09 Aug 2017 - Cuscal processing errors rectified

From time to time processing errors occur in the banking system and it peeves people off big time! You may have read the press associated with some duplicated payments processed to some shoppers bank accounts when they shopped at Woolworth’s back in March. As a result of these processing errors, a small handful of our valued customers were affected and at Goldfields Money, we want to make sure we minimise the pain caused by these errors.  If your account with Goldfields Money has been impacted by any of the duplicated Woolworths transactions (as reported on 7 August 2017), please contact us immediately  on 1300 GO 4 GOLD and we will make it right. If you have been charged an overdrawing fee or a late payment fee, don’t worry we will get it sorted. 

Technology glitches and mistakes can very rarely happen, please rest assured your money is and always will be secure and safe with Goldfields Money. We will always let you know if there has been any mistakes, and look to rectify it straight away. For more information on the error please read the article issued by Cuscal here.

17 Jul 2017 - Locally grown finance group aims high

18 Apr 2017 - Goldfields Money announces MOU with fintech company InstaRem

Banking services provider Goldfields Money Limited (ASX: GMY) is pleased to announce the signing of a Memorandum of Understanding with Singapore headquartered fintech company InstaRem. Instarem, is a leading payments fintech, leveraged by financial institutions, SME’s and individuals to make low cost and fast cross-border payments.

Download PDF

10 Apr 2017 - Expansion Behind New Name - Kalgoorlie Miner

07 Mar 2017 - Our CEO Participates in The Hawaiian Ride for Youth

Simon Lyons, our CEO is participating in the Ride for Youth on the 21-25 March 2017.  The Hawaiian Ride for Youth is held annually in March across 4.5 days with riders covering over 700kms on their way from Albany or Geraldton to Perth.  On their journey the riders stop at high schools to engage the students in the issues of youth suicide, depression and self-harm and the services that Youth Focus provide. The riders also share their personal stories and experiences as many have been touched in some way by these very personal issues.

The awareness raised for Youth Focus from the Hawaiian Ride for Youth is equally as important as the funds raised. The riders not only create awareness about Youth Focus through their individual fundraising campaigns but also participate in wind-training sessions (cycling on a stationary bike) at local shopping centres (including the Herdsman and Hawaiian retail outlets) during the lead up to the Ride. Simon is not a cyclist and has agreed to ride the CEO challenge leg with several other Perth business people.

Goldfields Money is pleased to support this worthy cause. For more information on Youth Focus visit their website. http://youthfocus.com.au/. Good luck Simon!

 

16 Dec 2016 - Rural banking test case ATM trialled in remote WA town

The outback town of Norseman, 726 kilometres east of Perth, is set to become a test case for what could potentially spark a revolution in rural banking in Australia.

Read Full Article

20 Oct 2016 - Congratulations Marie Malloy.

Marie Malloy Congratulations from the Goldfields team.

We hope all our friends and clients enjoyed the festival.

06 Oct 2016 - 30 Sept 2016 – The 2016 Goldfields Money Lorna Mitchell Spring Festival

Goldfields Money is delighted to announce that we are the major sponsor for the 2016 Goldfields Money Lorna Mitchell Spring Festival to be held in Hammond Park on Sunday 9th October between 9:30am and 3:30pm.

With over 140 stalls, FREE entertainment and Kalgoorlie’s got Talent Competition, there is something for everyone in the family!

Come visit our stall and register for your chance to WIN a $500 savings account with Goldfields Money!

WIN a Savings Account

Spring Festival 9 October 2016

16 Aug 2016 - Goldfields Money Sponsors Kalgoorlie-Boulder Chamber of Commerce 2016 Business Person of the Year.

Goldfields Money Sponsors Kalgoorlie-Boulder Chamber of Commerce & Industry 2016 Business Person of the Year.

 

09 Aug 2016 - Goldfields Money lowers rates for borrowers by more than the major Banks

Chief Executive Officer Simon Lyons said the adjustment aims to strike a fair balance for all of the business’s key stakeholders.
“A 0.15% cut in our variable rate puts us ahead of the cuts passed on by other banks. We want to make sure our mortgage customers are well looked after and therefore we have passed on more of the rate cut than most of our competitors. However, we also rely on funding from deposits made by retail customers, and we continue to offer high interest on our deposit accounts compared to the major banks as well.”
“The fact is, with interest rates at record low levels, it is difficult to reduce all deposit product rates without having a major impact on many of our customers including a large number of retirees who rely on us for income.”
“The decrease in rates will be effective from August 22nd 2016 and will result in the lowest rates for borrowers that we have offered in our 34 years of history. This is great news for our customers who are paying down debt. It also means from an affordability perspective there has never been a better time to buy a home, borrow a little extra for some renovations, invest in property or buy that new car, so we hope to appeal to a lot of new customers as well.”
“Clearly there are a significant number of people who rely on income from their deposits and they will continue to be challenged by the decrease in rates. We are doing our best to manage the interests of all of our customers and other stakeholders”. Mr Lyons said.
“We are here to help our customers, so if you have any questions, please feel free to give one of our  friendly customer services representatives a call on (08) 9021 6444.”

INTEREST RATE SCHEDULE 8 AUGUST 2016

05 Aug 2016 - Women’s Leadership Forum – Kalgoorlie

The key takeaways from the event from Brigitte and Janice’s perspective were:

- There are some incredible women who in the face of adversity and great challenges have risen up and achieved some amazing things.
- Each of them put one foot in front of the other and continued to persevere until they achieved their dreams or overcame adversity.

A key point is that the workforce needs the diversity of women in it. Women bring a different dimension to the workplace. To do this successfully, women need to consciously understand their work/life balance – which often is easier said than done.
Dr Verbeeten was passionate about us finding the right balance between work and family life. Striving to achieve the goals we set in our working life whilst still managing to be the parent and partner that we choose to be
Finally the common theme was for “US” women to support and encourage each other and help  each other to succeed
Goldfields Money was really pleased to support this successful forum. We sponsored the door prize and the lucky winner was Danielle Dredge, Danielle picked up the $250 dinner voucher to the fantastic Cava Restaurant (right near our office in Egan Street). Danielle is a Year 11 student who was invited to attend the day by Rotary. Clearly a lucky young woman!!
Goldfields Money has been a part of the Goldfields business community for over 34 years. We are an all female branch and our employees have on average over 12 years experience. Brigitte is our longest serving employee having worked here in our Kalgoorlie branch for over 22 years.
Goldfields Money pride ourselves on a high service standards and flexibility in tailoring banking products to best meet our customers financial needs.


Kalgoorlie Womens Forum Brochure August 2016

07 May 2016 - Goldfields Money will lower its standard variable rate for home owners by 0.25%pa

Goldfields Money will lower its standard variable rate for home owners by 0.25%pa from 23 May 2016, following the Reserve Bank decision to reduce the official cash rate earlier this month.

“The change will see Goldfields Money offer the lowest variable rate ever on owner occupied home loans, meaning customers benefit by being able repay their home loan sooner. It is also a great time for customers who are thinking about buying their first home, upgrading to a new property or buying another property,” said Goldfields Money CEO Simon Lyons.

“In addition to lowering the variable rate home loans, Goldfields Money has also lowered its fixed rate home loans. Our competitive rates will give our customers the option to decide on whether they want to lock in a low rate for a fixed term and they can do this for part of their loan or the whole loan.”

The interest rate on commercial loans will also be reduced 0.25%. The change will be effective 23 May 2016.

18 Dec 2015 - Goldfields Money closes Claremont office 18 December 2015

On 18 December 2015 we will be closing the Claremont office.

Whether you are a new or existing valued customer, please call our dedicated team on (08) 9021 6444 for all your banking needs. If you haven't already done so, now is a great time to set up your Internet Banking and Mobile Banking which will allow you to transfer money, pay bills, redraw on your loans (if applicable) and check your account details anytime, anywhere.

You can also continue to use your Visa Debit or RediATM card to withdrawl cash, make purchases and check your account balance. Your Visa Debit Card can be used wherever VISA is accepted as well as most ATMs. We belong to the RediATM network which includes NAB and BOQ, with thousands of ATM's with locations across Australia.

Further information can be found on our website.

 

17 Nov 2015 - Changes to Interest Rates

GOLDFIELDS MONEY today announced it will increase interest rates by 0.15% p.a. for its variable owner occupier loans and 0.40% pa for investor loans. The change for existing loans will be effective 17 December 2015.
The change will see Goldfields Money’s Special Rate Home Loan lift to 4.54% per annum.
Michael Verkuylen, Acting CEO, said the decision to lift rates was made after having considered regulatory requirements, costs of funding loans and the overall competitiveness of Goldfields Money’s home loans.
“This decision reflects the need to balance a range of sometimes competing factors including regulatory requirements, competitive pricing and returns. I think it is important to recognise that home loan rates are still very low by historical standards,” he said.
Information on current interest rates and offers across Goldfields Money’s home loan products is available on the website at www.goldfieldsmoney.com.au.

 

24 Aug 2015 - Saturday Morning Trading

The Kalgoorlie Branch will be no longer opening on Saturday Mornings with the last Staurday morning trading being 29 August.

To all our loyal customers, remember we have opening hours bewteen 9am and 5pm Monday to Friday. In addtion, you can use Internet Banking, ATMs, EFTPOS & Visa Debit accounts to transact 24 hours per day 7 days a week.

17 Aug 2015 - Goldfields Money reduces rates for new owner occupier loans

Goldfields Money reduces rates for new owner occupier loans and keeps rates for investor loans on hold.

We are pleased to advise that we have reduced the fixed and variable interest rates for new owner occupier home loan customers by between 0.10% and 0.20%.

In addtion, that unlike the big banks who have increased rates for existing and new customers, we have kept the interest rates for investor loans on hold.

For the latest interest rates, click HERE

Please phone (08) 9021 6444 for any loan enquiries.

 

10 Jul 2015 - Introduction of Visa Debit Card

Goldfields Money is pleased to advise the introduction of Visa Debit Card for new and existing customers.

As part of our process to continually improve and provide you with a better banking experience, from  July 2015, we will start the conversion from rediCARD to a Visa Debit card for cardholders who are 16 years of age or over.

A Visa Debit card is just like a credit card, except you use your own money and provides you with everything that a rediCARD does plus:
• Shop online, over the phone or overseas where ever Visa is accepted.
• Have access to over 2.2 million ATMs worldwide.
• Faster, easier transactions (up to $100) via payWave contactless payments.
• Added protection of Verified by Visa security when shopping online.
• Best of all Visa Debit transactions are free from fees when you press the ‘credit’ button or use payWave at participating retailers in Australia.

What happens next?
• For new and existing customers, you can order one now by phoning (08) 9021 6444 or by email on enquiries@goldfieldsmoney.com.au
• For existing rediCARD holders, if your current card is lost, stolen or damaged, it will be replaced by a Visa Debit card. Otherwise, at the time of renewal, your rediCARD will be automatically replaced with a Visa Debit card.
 

You will receive a new PIN and on the activation of your Visa Debit card your old rediCARD will be cancelled. There is no cost to replace your old rediCARD with a new Visa Debit card.
 

For customers under 16 years of age, the rediCARD will still be made available.

For further information, click HERE.

08 Jul 2015 - eStatements promotion winner

Goldfields Money is pleased to advise the winner of our recent eStatements promotion.
 

The winner was:
S. Clinch from Kalgoorlie.

Thanks to all our clients who have registered for eStatements. Please note although this promotion has ended, you can register for eStatements at any time.

17 Jun 2015 - Interruption to normal branch, EFTPOS, ATM and internet banking services

Please be advised that due to an upgrade of our banking system the following services will be unavailable during the following times:

Banking Systems Offline
ATM, internet, mobile and phone banking will be offline from 3:30pm until approximately midnight  on Friday 19th June 2015.
Restricted limits at ATMs and EFTPOS will apply during this period.

Branch Closure Times
All Branches will close early at 3:00pm Friday 19th June 2015 and be closed all day Saturday 20th June 2015.

We advise customers to plan their banking either before or after these periods.

We apologise for any inconvenience, but we are excited about the additional functionality that our upgraded banking system will provide.

08 Jun 2015 - Changes to Product Disclosure Statement

Goldfields Money advises that it has updated its Product Disclosure Statement.

The updates relate to:

  • introduction of Visa Debit Card
  • amendments to dormancy / inactive accounts
  • update to identification requirements for new customers

Please click HERE for the new Product Disclosure Statement.

03 Jun 2015 - Advance Notice - interruption to normal branch and online services

Please be advised that due to a major upgrade of our banking system the following services will be unavailable during the following times:

Banking Systems Offline
ATM, internet, mobile and phone banking will be offline from 3:30pm until approximately midnight  on Friday 19th June 2015.
Restricted limits at ATMs and EFTPOS will apply during this period.

Branch Closure Times
All Branches will close early at 3:00pm Friday 19th June 2015 and be closed all day Saturday 20th June 2015.

We advise customers to plan their banking either before or after these periods.

We apologise for any inconvenience, but we are excited about the additional functionality that our upgraded banking system will provide.

02 Jun 2015 - Reserve Bank leaves interest rates unchanged

At today's meeting, the Reserve Bank Board decided to leave the cash rate unchanged at 2.0 per cent.

The full statement relating to the Monetary Policy Decision released by RBA Governor, Glenn Stevens can be viewed below.

 

At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent.

The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This trend appears largely to reflect increased supply, including from Australia. Australia's terms of trade are falling nonetheless.

The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are continuing to ease policy. Hence, global financial conditions remain very accommodative. Despite some increases in bond yields recently, long-term borrowing rates for sovereigns and creditworthy private borrowers remain remarkably low.

In Australia, the available information suggests the economy has continued to grow, but at a rate somewhat below its longer-term average. Household spending has improved, including a large rise in dwelling construction, and exports are rising. But a key drag on private demand is weakness in business capital expenditure in both the mining and non-mining sectors and this is likely to persist over the coming year. Public spending is also scheduled to be subdued. Overall, the economy is likely to be operating with a degree of spare capacity for some time yet. With very slow growth in labour costs, inflation is forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate.

In such circumstances, monetary policy needs to be accommodative. Low interest rates are acting to support borrowing and spending. Credit is recording moderate growth overall, with stronger lending to businesses and growth in lending to the housing market broadly steady over recent months. Dwelling prices continue to rise strongly in Sydney, though trends have been more varied in a number of other cities. The Bank is working with other regulators to assess and contain risks that may arise from the housing market. In other asset markets, prices for equities and commercial property have been supported by lower long-term interest rates.

The Australian dollar has declined noticeably against a rising US dollar over the past year, though less so against a basket of currencies. Further depreciation seems both likely and necessary, particularly given the significant declines in key commodity prices.

Having eased monetary policy last month, the Board today judged that leaving the cash rate unchanged was appropriate at this meeting. Information on economic and financial conditions to be received over the period ahead will inform the Board's assessment of the outlook and hence whether the current stance of policy will most effectively foster sustainable growth and inflation consistent with the target.

26 May 2015 - Update to Personal Savings Account Fees

Goldfields Money has amended and introduced new personal savings account fees as part of the introduction of a Visa Debit Card.

Effective Date 25 June 2015.

Please click HERE for further information.

19 May 2015 - Goldfields Money changes to interest rates

Following the reduction in the Official Cash Rate by the Reserve Bank of Australia, Goldfields Money has reduced its variable lending rates on housing and business loans by 0.20% effective 25 May 2015

The current special Term Deposit rate is for 9 months at 3.05% (interest on maturity)
 

In addition, we have reduced our rates on our fixed rate home loans and deposit rates as follows:
 

Term        Interest Rate       Comparison Rate
2 years       4.59%pa                  4.74%pa
3 years       4.59%pa                  4.73%pa
4 years       4.89%pa                  4.82%pa   
5 years       4.89%pa                  4.83%pa
 

Cash Management Account (S3):
$500,000+                       1.75%
$100,000 - $499,999     0.75%


Business Gold Account (S30):
$500,000+                        1.75%
$100,000 - $499,999      0.75%

06 May 2015 - Reserve Bank reduces cash rates by 0.25%

The RBA yesterday cut the cash rate by 0.25% to 2.00%.

Goldfields Money will be reviewing our loan and deposit rates over the coming days and we will make an announcement in due course.

 

The full statement relating to the Monetary Policy Decision released on 5 May 2015 by RBA Governor, Glenn Stevens, can be viewed below.

"At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015.

The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends appear largely to reflect increased supply, including from Australia. Australia's terms of trade are falling nonetheless.

The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are stepping up the pace of unconventional policy measures. Hence, financial conditions remain very accommodative globally, with long-term borrowing rates for sovereigns and creditworthy private borrowers remarkably low.

In Australia, the available information suggests improved trends in household demand over the past six months and stronger growth in employment. Looking ahead, the key drag on private demand is likely to be weakness in business capital expenditure in both the mining and non-mining sectors over the coming year. Public spending is also scheduled to be subdued. The economy is therefore likely to be operating with a degree of spare capacity for some time yet. Inflation is forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate.

Low interest rates are acting to support borrowing and spending, and credit is recording moderate growth overall, with stronger lending to businesses of late. Growth in lending to the housing market has been steady over recent months. Dwelling prices continue to rise strongly in Sydney, though trends have been more varied in a number of other cities. The Bank is working with other regulators to assess and contain risks that may arise from the housing market. In other asset markets, prices for equities and commercial property have been supported by lower long-term interest rates.

The Australian dollar has declined noticeably against a rising US dollar over the past year, though less so against a basket of currencies. Further depreciation seems both likely and necessary, particularly given the significant declines in key commodity prices.

At today's meeting, the Board judged that the inflation outlook provided the opportunity for monetary policy to be eased further, so as to reinforce recent encouraging trends in household demand."

09 Mar 2015 - Changes to Pension Savings Account (S7)

Following recent changes announced by the Federal Government, Goldfields Money is reducing the rates on our Pension Savings Account (S7).

In addition, there are some minor amendments been made to the interest rate tiers.

The effective date for the changes is 20 March 2015.

The changes are as follows:

EXISTING RATES:

$0 to $1,999                       0.01%

$2,000 to $46,599               2.00%

$46,600+                            3.50%

 

NEW RATES (effective 20 March 2015):

$0 to $1,999                       0.01%

$2,000 to $47,999               1.75%

$48,000+                            3.25%

23 Feb 2015 - Goldfields Money Limited (ASX Code: GMY) releases its half year financial results.

Goldfields Money Limited is pleased to release its half yearly financial results for the period ended 31 December 2014 along with a media release and investor presentation update.

To view these announcements please click on the links below.

 

Half Yearly Report December 2014
Media Release for December 2014 results
Investor Presentation for December 2014 results

09 Feb 2015 - Goldfields Money reduces its interest rates

Following on from the Reserve Bank decision to reduce official interest rates, Goldfields Money is pleased to advise that we will pass on the full 0.25% reduction to our variable rate home and business loan customers.

The reduction will be effective from 23 February 2015 for existing customers.

In addition we have reduced our fixed loan and deposit rates for new loans and deposits. 

Rates have also decreased by 0.25% on the following deposit product tiers effective 9 February 2015:

 

Cash Management Account (S3):

$500,000+                        2.00%

$100,000 - $499,999     1.00%

 

Business Gold Account (S30):

$500,000+                        2.00%

$100,000 - $499,999     1.00%

Refer to our latest interest rate sheet for rates on all our products.

 

 

 

23 Dec 2014 - Christmas & New Year Opening Hours

Goldfields Money Branches & Offices will be closed on Christmas Day, Boxing Day & New Years Day. In addition, the Kalgoorlie branch will be closed on Saturday 27 December.

We wish to extend Seasons greetings from the Board, Management & Staff at Goldfields Money to all our valued clients. We wish you a safe and prosperous 2015.

 

17 Nov 2014 - AGM 2014 - Chairman’s Address, Managing Director’s Presentation and Results of Meeting

GMY held its 2014 AGM on 14 November 2014 and all resolutions were passed. Copies of the Chairman's Address, MD's Presentation and Results of the Meeting are attached below.

GMY would like to thank its shareholders for participating in the Annual General Meeting.
 

Chairman's Address for the AGM 2014
GMY AGM Presentation 14 November 2014
GMY Results of AGM 2014

31 Oct 2014 - Goldfields Money recognises 20 years of service

Goldfields Money's Lending Supervisor, Brigitte Flight today becomes our first employee to reach 20 Years of Service.

Brigitte commenced with Goldfields Credit Union (as we were then known) in 1994 when we had only 4 employees. We are indeed fortunate to have Brigitte as part of a stable team of dedicated and professional staff.

On behalf of our Board, staff and customers we congratulate Brigitte on her dedicated service over the past 20 years.

 

 

IMG_1236_1.JPG

 

 

20 Oct 2014 - Looking to apply for a Goldfields Money Home, Car or Personal Loan?

As part of our goal of making your banking experience with Goldfields Money as easy as possible, we have launched our online loan application forms.

The forms allow you to complete the form at your leisure and include the functionality to save the form and retrieve it at a later time.

To complete this application you'll need the following information on hand:

  • Your Australian driver's licence details
  • Your passport details
  • Your employment and income details
  • Your asset details including house, land, vehicles, contents, money, shares and super
  • Any amount owing on loans, overdrafts, credit/store card (including limits and repayments)

We promise that you will have initial contact within one business day from one of our lending team.

Click HERE to access the forms.

20 Oct 2014 - Home Loan redraw via Net Banking

To activate your Home Loan redraw facility via Net Banking, you will need to complete the registration form.

To enable access you will also need to have established a Goldfields Money Transaction or Savings account and be registered for Net Banking.

There is no fee for this online redraw. Redraws over the counter at any branch will continue to incur a $35 processing fee.

Click HERE for the registration form, which can be returned to any branch or emailed to lending@goldfieldsmoney.com.au

07 Aug 2014 - Net Banking scheduled Maintenance

Please be advised that our Net Banking Service for Internet & Mobile Banking will be unavailable from 9pm Saturday 9/8/14 to 3am Sunday 10/8/14 (WST) for scheduled maintenance.

05 Aug 2014 - Reserve Bank leaves interest rates unchanged

At today's meeting, the Reserve Bank Board decided to leave the cash rate unchanged at 2.5 per cent.

The full statement relating to the Monetary Policy Decision released by RBA Governor, Glenn Stevens can be viewed below.

Growth in the global economy is continuing at a moderate pace, helped by firmer conditions in the advanced countries. China's growth remains generally in line with policymakers' objectives. Commodity prices in historical terms remain high, but some of those important to Australia have declined this year.

Financial conditions overall remain very accommodative. Long-term interest rates and risk spreads remain very low. Emerging market economies are receiving capital inflows. Volatility in many financial prices is currently unusually low. Markets appear to be attaching a very low probability to any rise in global interest rates, or other adverse event, over the period ahead.

In Australia, growth was firmer around the turn of the year, but this resulted mainly from very strong increases in resource exports as new capacity came on line; smaller increases in such exports are likely in coming quarters. Moderate growth has been occurring in consumer demand. A strong expansion in housing construction is now under way. At the same time, resources sector investment spending is starting to decline significantly. Signs of improvement in investment intentions in some other sectors are emerging, but these plans remain tentative as firms wait for more evidence of improved conditions before committing to significant expansion. Public spending is scheduled to be subdued. Overall, the Bank still expects growth to be a little below trend over the year ahead.

There has been some improvement in indicators for the labour market this year, but it will probably be some time yet before unemployment declines consistently. Recent data showed an increase in inflation, with both headline and underlying measures affected by the decline in the exchange rate last year.  But growth in wages has declined noticeably and is expected to remain relatively modest over the period ahead, which should keep inflation consistent with the target even with lower levels of the exchange rate.

Monetary policy remains accommodative. Interest rates are very low and for some borrowers have continued to edge lower over recent months. Savers continue to look for higher returns in response to low rates on safe instruments. Credit growth has picked up a little, including most recently to businesses. The increase in dwelling prices has been slower this year than last year, though prices continue to rise. The exchange rate remains high by historical standards, particularly given the declines in key commodity prices, and hence is offering less assistance than it might in achieving balanced growth in the economy.

Looking ahead, continued accommodative monetary policy should provide support to demand and help growth to strengthen over time. Inflation is expected to be consistent with the 2–3 per cent target over the next two years.

In the Board's judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates.

04 Aug 2014 - eStatement competition winners

Goldfields Money is pleased to advise the winners of our recent eStatements competition.
 

The winners were:
Donna Edwards from Kalgoorlie
Dave Ryan from Kalgoorlie
 

Congratulations to Donna & Dave, and thanks to all our customers who have registered for eStatements. Please note although this competition has ended, you can register for eStatements at any time.

22 Jul 2014 - Mobile Banking is now available

Goldfields Money is pleased to advise that a version of Net Banking suitable for Mobile devices is now available.

If you have not already registered, you will need to register for Net Banking and acknowledge the Terms & Conditions in order to use this service.


Then via your phone or tablet you will need to log in to goldfieldsmoney.com.au and click on "Mobile Banking Login" on the home page, or alternatively, type in:  https://netteller.tsw.com.au/MobileBanking/GoldfieldsMoney/ into your mobile device browser.
 

You can then add to the Home Screen or bookmark this site for future reference.
 

Mobile Banking features include:

  • View Account Balance
  • View recent Transaction History
  • Transfers to existing authorities; both internal and external
  • BPay to existing authorities

Please note not all Internet Banking services are available when accessed via the Mobile Banking service.

 

 

03 Jul 2014 - Reserve Bank leaves interest rates unchanged

At its meeting on 2nd July, the Reserve Bank Board decided to leave the cash rate unchanged at 2.5 per cent.

The full statement relating to the Monetary Policy Decision released by RBA Governor, Glenn Stevens can be viewed below.

Growth in the global economy is continuing at a moderate pace, helped by firmer conditions in the advanced countries. China's growth slowed a little earlier in the year but remains generally in line with policymakers' objectives. Commodity prices in historical terms remain high, but some of those important to Australia have declined.

Financial conditions overall remain very accommodative. Long-term interest rates and risk spreads remain low. Emerging market economies are once again receiving capital inflows. Volatility in many financial prices is currently unusually low. Markets appear to be attaching a very low probability to any rise in global interest rates over the period ahead.

In Australia, recent data indicate somewhat firmer growth around the turn of the year, but this resulted mainly from very strong increases in resource exports as new capacity came on stream; smaller increases in such exports are likely in coming quarters. Moderate growth has been occurring in consumer demand. A strong expansion in housing construction is now under way. At the same time, resources sector investment spending is starting to decline significantly. Signs of improvement in investment intentions in some other sectors are emerging, but these plans remain tentative as firms wait for more evidence of improved conditions before committing to significant expansion. Public spending is scheduled to be subdued. Overall, the Bank still expects growth to be a little below trend over the year ahead.

There has been some improvement in indicators for the labour market in recent months, but it will probably be some time yet before unemployment declines consistently. Growth in wages has declined noticeably. If these and other domestic costs remain contained, inflation should remain consistent with the target over the next one to two years, even with lower levels of the exchange rate.

Monetary policy remains accommodative. Interest rates are very low and for some borrowers have edged lower over recent months. Savers continue to look for higher returns in response to low rates on safe instruments. Credit growth has picked up a little, including most recently to businesses. Dwelling prices have increased significantly over the past year, though there have been some signs of a moderation in the pace of increase recently. The exchange rate remains high by historical standards, particularly given the declines in key commodity prices, and hence is offering less assistance than it might in achieving balanced growth in the economy.

Looking ahead, continued accommodative monetary policy should provide support to demand and help growth to strengthen over time. Inflation is expected to be consistent with the 2–3 per cent target over the next two years.

In the Board's judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates.

25 Jun 2014 - Register for eStatements for a chance to win $250

Make paper statements a thing of the past. eStatements allows you to view and download your statements as a PDF file. Whenever your statement is ready, receive an email to your selected email address.

Up until 31 July 2014, Goldfields Money is pleased to offer two of our customers the chance to win $250 by simply registering for eStatements via Net Banking.
 

For further information on eStatements and the competition, click HERE.

03 Jun 2014 - Reserve Bank leaves interest rates unchanged

At its meeting today, the Reserve Bank Board decided to leave the cash rate unchanged at 2.5 per cent.

The full statement relating to the Monetary Policy Decision released on 3 June 2014 by RBA Governor, Glenn Stevens can be viewed below.

Growth in the global economy is continuing at a moderate pace, helped by firmer conditions in the advanced countries. China's growth appears to have slowed a little in early 2014 but remains generally in line with policymakers' objectives. Commodity prices in historical terms remain high, but some of those important to Australia have continued to decline of late.

Financial conditions overall remain very accommodative. Long-term interest rates have fallen further and risk spreads remain low. Emerging market economies are once again receiving capital inflows. Volatility in many financial prices is currently unusually low. Markets appear to be attaching a very low probability to any rise in global interest rates over the period ahead.

In Australia, the economy grew at a below-trend pace in 2013 overall, but growth looks to have been somewhat firmer around the turn of the year. This has resulted partly from very strong increases in resource exports as new capacity has come on stream, but smaller increases in such exports are likely in coming quarters. Moderate growth has been occurring in consumer demand and a strong expansion in housing construction is now under way. At the same time, resources sector investment spending is set to decline significantly. Signs of improvement in investment intentions in some other sectors are emerging, but these plans remain tentative, as firms wait for more evidence of improved conditions before committing to significant expansion. Public spending is scheduled to be subdued.

There has been some improvement in indicators for the labour market in recent months, but it will probably be some time yet before unemployment declines consistently. Recent data confirm that growth in wages has declined noticeably. If these and other domestic costs remain contained, inflation should remain consistent with the target over the next one to two years, even with lower levels of the exchange rate.

Monetary policy remains accommodative. Interest rates are very low and for some borrowers have edged lower over recent months. Savers continue to look for higher returns in response to low rates on safe instruments. Credit growth has picked up a little. Dwelling prices have increased significantly over the past year, though there have been some signs of a moderation in the pace of increase recently. The earlier decline in the exchange rate is assisting in achieving balanced growth in the economy, but less so than previously as a result of the higher levels over the past few months. The exchange rate remains high by historical standards, particularly given the further decline in commodity prices.

Looking ahead, continued accommodative monetary policy should provide support to demand, and help growth to strengthen over time. Inflation is expected to be consistent with the 2–3 per cent target over the next two years.

In the Board's judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates.

16 Apr 2014 - Update to Loan Fees and Charges

Goldfields Money has amended and introduced new loan fees as part of a recent loan fee review.

Goldfields Money has decided to continue its policy of not charging monthly or annual package fees on its loans to the benefit for our loyal loan customers.

Effective Date 17 May 2014.

Please click HERE for further information.

24 Feb 2014 - 2014 Half Year Results

Goldfields Money Limited has released its half yearly results for the period ended 31 December 2013 along with a media release and investor presentation update. To view these announcements please click on the links below.

 

Half Yearly Report December 2013

Media Release for December 2013 results

Investor Presentation for December 2013 results

19 Feb 2014 - Reduced Rates on Car Loans

Goldfields Money is now offering our lowest rates ever on Car Loans effective 19 February.

For Cars less than 1 year old the new rate is only 7.95% (comparison rate 8.59%).

For Cars between 1 to 5 years old, the new rate is only 9.45% (compasrison rate 10.10%).

To take advantage of this great offer Enquire Online or Contact your local branch.

19 Feb 2014 - General Insurance Relationship

Goldfields Money welcomes a renewed relationship with EBM Insurance Brokers.

EBM Insurance Brokers are delighted to provide Goldfields Money customers easy access to comprehensive insurance solutions with dedicated personal service.

EBM is Australia’s leading privately owned insurance broker with offices throughout Australia and well placed to ensure Goldfields Money customers receive the right cover at the right price.

Click HERE for more information.

06 Dec 2013 - 7 MonthTerm Deposit - Special Christmas Rate

Reward yourself with a higher interest rate on Goldfields Money 7 month Term Deposits at a special Christmas Rate of 3.90%pa for balances over $25,000.

16 Oct 2013 - Goldfields Money SMSF Property Loans

Goldfields Money is pleased to provide competitive rates and flexible products for Self Managed Super Funds investing in Real Property.

Click here for further information.

15 Oct 2013 - Goldfields Money Limited Notice of Annual General Meeting

Click here to access the 2013 Notice of Annual General Meeting

18 Sep 2013 - Goldfields Money launches a new suite of calculators

To assist with your financial requirements, Goldfields Money is pleased to launch a new suite of tools and calculators. These calculators will allow you to download and print your results as well as changing different assumptions.

Thes new calculators include:

* Home & Personal Loan Calculators

* Loan Purchase Costs

* Budget Planning

* Term Deposits & Savings

Click here for the new calculators.

 

26 Aug 2013 - Financial Results for the year ended 30 June 2013

 

For further information, click on the link to our Media Release, Appendix 4E and Investor Presentation.

16 Aug 2013 - Goldfields Money “Win $500” promotion winner.

Goldfields Money is pleased to advise that Emmett Hoycard from Kalgoorlie is the winner of the "Win $500" promotion. The promotion was run as part of the recent Kalgoorlie KidsFest.

Congratulations to Emmett and thanks to all those who entered and for your ongoing support of Goldfields Money.

 

16 Aug 2013 - Goldfields Money reduces interest rates on variable and fixed rate loans

Following the reduction in the Official Cash Rate by the Reserve Bank of Australia, Goldfields Money has reduced its variable lending rates on housing and business loans by 0.20% effective 26 August 2013.

In addition, we have reduced our rates on our 3, 4 and 5 year fixed rate home loans as follows:

Term        Interest Rate       Comparison Rate

3 years        4.99%pa                  5.36%pa

4 years        5.49%pa                  5.36%pa    

5 years        5.49%pa                  5.38%pa


Please click here to view our latest interest rate schedule.

06 Aug 2013 - Perth Leads House Price Revival

Perth house prices are climbing at their fastest rate in three years.The Australian Bureau of Statistics today reported that the house price index for Perth climbed by 3.4 per cent in the three months to the end of June, the best performance in the country. It took the annual growth rate in the index for Perth to 11 per cent.
 

Nationally, prices were up by 2.4 per cent for the quarter. Outside Perth the best performed city for the quarter was Darwin, at 2.9 per cent, while the index was up by 2.7 per cent in Sydney. The annual performance for Perth dwarfed other cities with the next best Darwin again at 7.1 per cent.

06 Aug 2013 - Reserve Bank reduces Cash Rates by 0.25%

The RBA has cut the cash rate by 0.25% to 2.50%.

 

Goldfields Money will be reviewing our loan and deposit rates over the coming days and we will make an announcement in due course.


The full statement relating to the Monetary Policy Decision released on 6 August 2013 by RBA Governor, Glenn Stevens can be viewed below.

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.5 per cent, effective 7 August 2013.

Recent information is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year. Commodity prices have declined but, overall, remain at high levels by historical standards. Inflation has moderated over recent months in a number of countries.

Globally, financial conditions remain very accommodative, though the recent reassessment by markets of the outlook for US monetary policy has seen a noticeable rise in sovereign bond yields, from exceptionally low levels. Volatility in financial markets has increased and has affected a number of emerging market economies in particular.

In Australia, the economy has been growing a bit below trend over the past year. This is expected to continue in the near term as the economy adjusts to lower levels of mining investment. The unemployment rate has edged higher. Recent data confirm that inflation has been consistent with the medium-term target. With growth in labour costs moderating, this is expected to remain the case over the next one to two years, even with the effects of the recent depreciation of the exchange rate.

The easing in monetary policy over the past 18 months has supported interest-sensitive spending and asset values, and further effects can be expected over time. The pace of borrowing has remained relatively subdued, though recently there are signs of increased demand for finance by households.

The Australian dollar has depreciated by around 15 per cent since early April, although it remains at a high level. It is possible that the exchange rate will depreciate further over time, which would help to foster a rebalancing of growth in the economy.

The Board has previously noted that the inflation outlook could provide some scope to ease policy further, should that be required to support demand. At today's meeting, and taking account of recent information on prices and activity, the Board judged that a further decline in the cash rate was appropriate. The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the inflation target over time.

05 Jul 2013 - Goldfields KidsFest July 7-8

As part of the Goldfields KidsFest, Goldfields Money is proud to offer the kids of the Goldfields a chance to win $500 cash.

To enter, bring in the official entry form and open up a Young Achiever or Teen Access account at one of our branches, or if you are already a young Goldfields Money customer, fill out the form and return it to Goldfields Money by 31 July 2013 for your chance to win!

Click here for full Terms and Conditions for the promotion.

Click here for further information on the Goldfields KidsFest

13 Jun 2013 - Goldfields Money Fixed Rate Home Loans

Goldfields Money is pleased to announce reductions in our Fixed Rate Home Loans. The rates are as follows:

Term        Interest Rate    Comparison Rate

1 Year        5.09%pa               5.39%pa

2 Years       4.99%pa               5.34%pa

3 Years       5.19%pa               5.36%pa

4 Years       5.59%pa               5.49%pa

5 Years       5.59%pa               5.50%pa

Please click here for our full interest rate schedule. 

16 May 2013 - Goldfields Money passes on full RBA rate cut on variable rate loans

Goldfields Money is pleased to announce that it will reduce its variable rate loann rates by 0.25%.

Effective from May 27, Goldfields Money's new standard variable home loan rate is is lower then all of the major and local Banks.

Goldfields Money has also reduced rates on its Fixed Rate Home Loans, and 1% from its car loans to a very attractive 8.95% for loans for cars < 1 year old.

Goldfields Money Managing Director David Holden commented "that not only do we have very competitive rates on our loans; great service including fast turnaround on settlement and approvals; there are no ongoing fees on any of our home loans*"

Please click here to view our full interest rate schedule.

16 May 2013 - Special Website Offer

For a limited time, Goldfields Money is pleased to offer no upfront or ongoing fees on all new Home Loans.

To take advantage of this special website only offer, please contact us at one of our branches and mention this offer.

 

Note that Applications are subject to Credit approval. Full terms and conditions will be included in our loan offer and are available on request. Loans greater than 80% Loan to Valuation Ratio will be subject to Lenders Mortgage Insurance.

08 May 2013 - Reserve Bank reduces Cash Rates by 0.25%

?The RBA yesterday cut the cash rate by 0.25% to 2.75%.

Goldfields Money will be reviewing our loan and deposit rates over the coming days and we will make an announcement in due course.

 

The full statement relating to the Monetary Policy Decision released on 7 May 2013 by RBA Governor, Glenn Stevens can be viewed below.

"At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013.
The global economy is likely to record growth a little below trend this year, before picking up next year. Among the major regions, the United States continues on a path of moderate expansion and China's growth is running at a more sustainable, but still robust, pace. Japan has announced significant new policy initiatives aimed at strengthening demand and ending deflation. The euro area remains in recession. Commodity prices have moderated a little in recent months though they remain high by historical standards.
Financial conditions internationally continue to be very accommodative, with risk spreads reduced, funding conditions for most financial institutions improved and borrowing costs for well-rated corporates and sovereigns exceptionally low.
Growth in Australia was close to trend in 2012 overall, but was a bit below trend in the second half of the year, and this appears to have continued into 2013. Employment has continued to grow but more slowly than the labour force, so that the rate of unemployment has increased a little, though it remains relatively low.
With the peak in the level of resources sector investment likely to occur this year, there is scope for other areas of demand to grow more strongly over the next couple of years. There has been a strengthening in consumption and a modest firming in dwelling investment, and prospects are for some increase in business investment outside the resources sector over the next year. Exports of raw materials are increasing as increased capacity comes on stream. These developments, some of which have been assisted by the reductions in interest rates that began 18 months ago, will all be helpful in sustaining growth.
Recent data on prices confirm that inflation is consistent with the target and, if anything, a little lower than expected. The CPI rose by 2½ per cent over the past year, and measures of underlying inflation gave a broadly similar outcome. These results have been pushed up a little by the impact of the carbon price. Growth of labour costs has moderated slightly over recent quarters while productivity growth appears to be improving. This should help to lessen increases in prices for non-tradables. The Bank's forecast remains that inflation over the next one to two years will be consistent with the target.
Over recent meetings, the Board has noted that interest rates have already been reduced substantially, with borrowing rates approaching previous lows, and that the effects of this on the economy are continuing to emerge. Savers have been changing their portfolios towards assets with higher expected returns, asset values have risen and some interest-sensitive areas of spending have increased.
The exchange rate, on the other hand, has been little changed at a historically high level over the past 18 months, which is unusual given the decline in export prices and interest rates during that time. Moreover, the demand for credit remains, at this point, relatively subdued.
The Board has previously noted that the inflation outlook would afford scope to ease further, should that be necessary to support demand. At today's meeting the Board decided to use some of that scope. It judged that a further decline in the cash rate was appropriate to encourage sustainable growth in the economy, consistent with achieving the inflation target."

20 Mar 2013 - Pension Saving Account Interest Rate Change

Early in the year the Federal Government announced a reduction to the deeming rate effective 20 March 2013. Goldfields Money Limited has amended the interest rate on its Pension Saving Account as per the updated Interest Rate Schedule, also effective 20 March 2013.

22 Feb 2013 - Half yearly results for December 2012

Today, Goldfields Money Limited released is half yearly results for December 2012, along with a media release and investor presentation update. To view these annoucements please click on the links below.

Half Yearly Report December 2012

Media Release for December 2012 results

Investor Presentation for December 2012 results

17 Dec 2012 - Goldfields Money reduces its variable and fixed loan products effective 21 Dec 2012

Following the reduction in the Official Cash Rate by the Reserve Bank of Australia, Goldfields Money has reduced its variable lending rates by 0.20% effective 21 December 2012. In addition, the lending rates on our 1 to 5 year fixed term home loans have been reduced by between 0.15% and 0.30%.

Please click here to view our latest interest rate schedule.

06 Nov 2012 - Reserve Bank leaves interest rates unchanged

At today's monthly meeting, the Reserve Bank of Australia has decided to keep interest rates steady at 3.25%.

The full statement relating to the Monetary Policy Decision released on 6 November 2012 by RBA Governor, Glenn Stevens can be viewed below.

"Global growth is forecast to be a little below average for a time. Risks to the outlook are still seen to be on the downside, largely as a result of the situation in Europe, where economic activity is still contracting. Risks elsewhere seem more balanced. The United States is recording moderate growth, while recent data from China suggest growth there has stabilised. Around Asia generally, growth has been dampened by the more moderate Chinese expansion and the weakness in Europe.

Key commodity prices for Australia remain significantly lower than earlier in the year, though trends have been more mixed over the past couple of months, with some prices recovering some ground while others declined further. The terms of trade have declined by about 13 per cent since the peak last year, but are likely to remain historically high.

Financial markets have responded positively over the past few months to signs of progress in addressing Europe's financial problems, but expectations for further progress remain high. Long-term interest rates faced by highly rated sovereigns, including Australia, remain at exceptionally low levels. Capital markets remain open to corporations and well-rated banks, and Australian banks have had no difficulty accessing funding, including on an unsecured basis. Borrowing conditions for large corporations are similarly attractive. Share markets have generally risen over recent months.

In Australia, most indicators available for this meeting suggest that growth has been running close to trend over the past year, led by very large increases in capital spending in the resources sector. Looking ahead, the peak in resource investment is likely to occur next year, at a lower level than expected six months ago. As this peak approaches, the Board will be monitoring the strength of other components of demand.

Some of the consumption strength in the first half of 2012 was temporary, but there have been some signs of ongoing growth, though a return to very strong growth in consumption is unlikely. While investment in dwellings has been subdued for some time, over recent months there have been some indications of a prospective improvement. Non-residential building investment has remained weak. Public spending is forecast to be subdued.

Recent outcomes on inflation were slightly higher than expected, though they still show inflation consistent with the medium-term target, with underlying measures around 2½ per cent over the year to September, and headline CPI inflation a little lower than that. The introduction of the carbon price affected consumer prices in the September quarter, and there could be some further small effects over the next couple of quarters. With the labour market having generally softened somewhat in recent months, and unemployment edging higher, conditions should work to contain pressure on labour costs in sectors other than those directly affected by the current strength in resources. This and some continuing improvement in productivity performance will be needed to keep inflation low, since the effects on prices of the earlier exchange rate appreciation are now waning. The Bank's assessment remains that inflation will be consistent with the target over the next one to two years.

Over the past year, monetary policy has become more accommodative. Interest rates for borrowers have declined to be clearly below their medium-term averages and savers are facing increased incentives to look for assets with higher returns. While the impact of these changes takes some time to work through the economy, there are signs of easier conditions starting to have some of the expected effects. Business demand for external funding has increased this year, the housing market has strengthened and share prices have risen in line with markets overseas. The exchange rate, though, remains higher than might have been expected, given the observed decline in export prices and the weaker global outlook.

Further effects of actions already taken to ease monetary policy can be expected over time. The Board will continue to monitor those effects, together with information about the various other factors affecting the outlook for growth and inflation. At today's meeting, with prices data slightly higher than expected and recent information on the world economy slightly more positive, the Board judged that the stance of monetary policy was appropriate for the time being."

30 Oct 2012 - Annual General Meeting 2012 - Chairman’s Address, Managing Director’s Presentation and Results

GMY held its 2012 AGM on 29 October 2012 and all resolutions were passed. Copies of the Chairman's Address, Managing Director's Presentation and Results have been included for shareholders to view.

GMY would like to thank its shareholders for participating in the Annual General Meeting

Chairmans_Address_for_the_AGM

GMY_AGM_Presentation_29_October_2012

GMY_Results_of_AGM_2012

16 Oct 2012 - Goldfields Money reduces its variable loan interest rates

Goldfields Money today announced that following the reduction in the Official Cash Rate by the Reserve Bank of Australia, it has reduced its variable lending rates by 0.18% effective 22 October 2012.

 

03 Oct 2012 - Goldfields Money reduces rates on Fixed Rate Home Loans

Goldfields Money is pleased to announce reductions in the interest rates on our Fixed Rate Home Loans

Click here to view all current interest rates.

25 Sep 2012 - Notice of Annual General Meeting

Notice of Annual General Meeting and Proxy Form

25 Sep 2012 - Annual report to shareholders

Annual Report 30 June 2012

13 Sep 2012 - Patersons Securities initiates research coverage

Patersons Securities has initiated research coverage on Goldfields Money. For a copy of the research note, click on the link below.

Patersons Securities Research Note - 11 September 2012

20 Aug 2012 - Financial Results for the Year ended 30 June 2012

Goldfields Money has reported a full year profit of $468,451 which is a 35% increase over the previous year.

For further information, please view our attached Media Release, Appendix 4E and investor presentation.

 

MEDIA RELEASE

APPENDIX 4E AND FINANCIAL REPORT

INVESTOR PRESENTATION

10 Jul 2012 - Goldfields Money Fixed Rate Home Loans - Special Rates

Goldfields Money is pleased to announce that it is offering special rates on Fixed Rate Home Loans for a limited time. The interest rates are as follows:

1 Year Fixed Rate 5.79% pa (Comparison Rate 6.42% pa*)

2 Year Fixed Rate 5.84% pa (Comparison Rate 6.37% pa*)

3 Year Fixed Rate 5.89% pa (Comparison Rate 6.33% pa*)

4 Year Fixed Rate 6.44% pa (Comparison Rate 6.49% pa*)

5 Year Fixed Rate 6.49% pa (Comparison Rate 6.51% pa*)

 

Information is current as at 9 July and subject to change. Applications are subject to credit approval. Full Terms and Conditions will be included in our loan offer and are available on request. Fees and charges are payable.

* Comparison rates are based on a $150,000 loan over 25 years. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Goldfields Money Limited | ABN 63 087 651 849 | AFSL / Australian Credit Licence 246884

04 Jul 2012 - Western Australia records strong growth in Retail Sales

Retail Sales for May across Australia rose 0.5 per cent from April, beating the 0.2 per cent increase expected by economists.

From a state perspective Western Australia recorded growth of 1.1% and remains the strongest performing state over the longer term (up 0.7% in trend terms). 

New South Wales (0.7%) recorded it's third consecutive monthly rise,Victoria (0.5%), Queensland (0.5%) and the Northern Territory (1.6%) also recorded rises in May, in seasonally adjusted terms. There were falls in South Australia (-0.6%), Tasmania (-1.0%) and the Australian Capital Territory (-0.1%).

 

Source: Australian Bureau of Statistics

03 Jul 2012 - Reserve Bank leaves interest rates unchanged

After cutting the official cash rate at the bank's previous two meetings, the RBA has opted to keep the rate on hold today at 3.50%.

The full statement relating to the Monetary Policy Decision released on 3 July 2012 by RBA Governor, Glenn Stevens can be viewed below.

"Growth in the world economy picked up in the early months of 2012, having slowed in the second half of 2011. But more recent indicators continue to suggest weakening in Europe and a slower pace of growth in China. Conditions in other parts of Asia have recovered from the effects of last year's natural disasters, but the ongoing trend is unclear and could be dampened by the effects of slower growth outside the region. The United States continues to grow at a modest pace. Commodity prices have declined, which is helping to reduce inflation and providing scope for some countries to ease macroeconomic policies. Australia's terms of trade have peaked, though they remain historically high.

Financial markets have initially responded positively to signs of further progress towards longer-term sustainability in European financial affairs, but Europe will remain a potential source of adverse shocks for some time. While capital markets remain open to corporations and well-rated banks, low appetite for risk has seen long-term interest rates faced by highly rated sovereigns, including Australia, decline to exceptionally low levels. Share markets have remained volatile.

In Australia, recent data suggest that the economy continued to grow in the first part of 2012, at a pace somewhat stronger than had been earlier indicated. Labour market conditions also firmed a little, notwithstanding job shedding in some industries; the rate of unemployment remains low.

There have been no changes to the Bank's outlook for inflation. Over the coming one to two years, and abstracting from the effects of the carbon price, inflation is expected to be consistent with the target. Maintaining low inflation over the longer term will, however, require growth in domestic costs to slow as the effects of the earlier exchange rate appreciation wane.

Interest rates for borrowers have declined, to be a little below their medium-term averages. Business credit has increased more strongly in recent months, though credit growth remains modest overall. The housing market remains subdued. The exchange rate has been volatile recently, but overall remains high.

As a result of the sequence of earlier decisions, there has been a material easing in monetary policy over the past six months. At today's meeting, the Board judged that, with inflation expected to be consistent with the target and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remained appropriate."

13 Jun 2012 - Goldfields Money cuts its variable lending rates

Goldfields Money has today announced that following in the reduction in the Official Cash Rate by the Reserve Bank of Australia, it has reduced its variable lending rates by 0.20% effective 18 June 2012.


Our new Standard Variable Home Loan Rate of 6.45% remains very competitive and combined with superior service makes Goldfields Money an attractive alternative to conduct your banking business.
 

We continue to also look after our deposit customers with attractive rates on offer for term investments.

22 May 2012 - ASX Welcomes Goldfields Money Limited

The Australian Securities Exchange (ASX) is pleased to announce that Goldfields Money Limited listed at 12.30pm EST (10.30 am WST) today, Tuesday 22 May 2012.

Goldfield Money Limited’s primary business activities are in banking and financial products and services.

The company raised $9 million by the issue of 9 million fully paid ordinary shares at an issue price of $1.00.

This is the 38th ASX listing in Perth and the 91st nationwide this financial year, bringing the number of ASX-listed entities with a Perth home branch to 886 and the total number of ASX-listed entities to 2,226.

View the ASX announcement

22 May 2012 - How GCU became Goldfields Money

Following membership approval of the demutualisation of Goldfields Credit Union, and listing of the new entity on the Australian Stock Exchange, the Board charged marketing company BrightBlue C with the development of a new identity to convey the values and objectives of the new credit union, Goldfields Money Limited.

A comprehensive brief was provided to BrightBlue C, with instructions to develop an identity that reflected the origins of the organisation, the evolution of GCU to Goldfields Money, it's fiduciary strength, and traditional strengths within Kalgoorlie, Esperance and regional Western Australia.

BrightBlue C developed a number of creative treatments for review with the preferred option taking as its inspiration both the abacus as the original counting machine, and the coin, as our original currency. The abacus format forms the basis of the graphic component of the logo, and the introduction of a number of elliptical shapes to this format pays tribute to coins being tossed into the air; a subtle acknowledgement of Kalgoorlie's famous two-up ring.

The selection of a more traditional font for 'goldfields' references the origins of the entity within Kalgoorlie's historic goldfields, and has been modernised by using all lowercase letters and balanced with a very modern treatment to the word 'MONEY', thereby combining the old with the new.

By creating a vertical structure for the logo, the eye rests naturally on the word 'MONEY', this being the solid foundation of the demutualised, listed entity.

So now you know how Goldfields Credit Union became goldfields MONEY

21 May 2012 - Quotation of Goldfields Money Limited

Quotation of Goldfields Money Limited’s shares on the ASX will occur from 10.30am WST on Tuesday 22nd May under the ASX Code "GMY".